Saraikela. Loan defaulters who have taken significant amounts from Gamharia LAMPS and failed to repay will now face strict action. The new Cooperative Officer of Gamharia LAMPS, Basant Kumar Singh, after assuming charge, has requested a list of such defaulters and instructed to expedite loan recovery.

He stated that many individuals have taken loans from Gamharia and Adityapur LAMPS but have not repaid them. Despite repeated notices, these defaulters have not cleared their dues. The Cooperative Officer announced a two-week grace period for these defaulters to deposit their loan amounts at the Bank of India, Asangi branch, or Punjab National Bank, Adityapur branch, linked to LAMPS. Failure to do so will result in LAMPS taking a stern stance, including filing First Information Reports (FIRs) against them.

He also mentioned that a discount would be offered to those defaulters willing to pay the entire outstanding amount in a lump sum. It is noteworthy that in the past, crores of rupees were disbursed as loans to ineligible individuals, disregarding LAMPS rules. Currently, the outstanding amount has reduced to five crore rupees. The new officer aims to recover this outstanding amount as soon as possible and improve the financial health of LAMPS. This move serves as a warning to those who have been negligent in repaying their loans.